Schroder Investment Management Group Decreases Stock Holdings in Waystar Holding Corp. (NASDAQ:WAY)

Schroder Investment Management Group lessened its position in Waystar Holding Corp. (NASDAQ:WAY) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 210,931 shares of the company’s stock after selling 2,491 shares during the period. Schroder Investment Management Group owned 0.12% of Waystar worth $7,817,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WAY. Charles Schwab Investment Management Inc. purchased a new position in shares of Waystar during the third quarter valued at approximately $10,224,000. The Manufacturers Life Insurance Company purchased a new position in Waystar during the 3rd quarter valued at $526,000. FMR LLC purchased a new stake in shares of Waystar in the 3rd quarter worth about $1,421,000. BNP Paribas Financial Markets bought a new stake in shares of Waystar during the 3rd quarter valued at about $1,006,000. Finally, MetLife Investment Management LLC purchased a new position in shares of Waystar during the third quarter valued at about $692,000.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays raised their target price on Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Bank of America lifted their price objective on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group boosted their target price on Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Truist Financial initiated coverage on Waystar in a report on Friday, March 14th. They set a “buy” rating and a $45.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on shares of Waystar in a research report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective on the stock. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Waystar presently has a consensus rating of “Buy” and an average price target of $40.75.

Insider Buying and Selling at Waystar

In other Waystar news, Director Paul G. Moskowitz sold 5,652,689 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $38.60, for a total transaction of $218,193,795.40. Following the sale, the director now owns 22,327,728 shares in the company, valued at approximately $861,850,300.80. This trade represents a 20.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider T. Craig Bridge sold 182,914 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the completion of the transaction, the insider now owns 519,658 shares of the company’s stock, valued at approximately $21,903,584.70. The trade was a 26.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,356,171 shares of company stock worth $526,733,651 in the last three months.

Waystar Trading Down 5.5 %

Shares of WAY stock opened at $34.93 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. The firm’s 50 day moving average is $40.07 and its 200 day moving average is $34.64. Waystar Holding Corp. has a 12-month low of $20.26 and a 12-month high of $48.11.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. On average, equities analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

About Waystar

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.